Canadian Solar Inc (NASDAQ:CSIQ) traded at $15.15 at close of the session on Friday, April 26, made an upward move of 4.48% on its previous day’s price.
Looking at the stock we see that its previous close was $14.50 . The company has a trailing 12-month PE ratio of 3.94. In terms of its 52-week price range, CSIQ has a high of $45.29 and a low of $14.11. The company’s stock has lost about -21.91% over that past 30 days.
Canadian Solar Inc has a market cap of $979.30 million. Estimates by analysts give the company expected earnings per share (EPS) of -$0.01, with the EPS growth for the year raised at $3.53 for 2024 and $5.17 for next year. These figures represent -8.80% and 46.50% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $1.29 billion, with a low of $1.25 billion and a high of $1.34 billion. The median projection represents growth adding up to -24.60% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $8.71 billion, or 14.40% up from figures reported last year.
On the other hand, looking at the outlook for the CSIQ stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note that the PEG ratio for the CSIQ stock currently stands at 0.16, and the current price level is -9.23% off its SMA20 and -20.08% from its 50-day simple moving average. The RSI (14) is pointing at 37.47 while the volatility over the past week is 4.81% and jumps to 5.11% over the past one month. The beta value is 1.31, while the average true range (ATR) is currently pointing at 0.88.
Coming back to Canadian Solar Inc (NASDAQ:CSIQ), we note that the average 3-month trading volume was 1.42 million. Current shares outstanding are 64.64 million.
The insiders hold 21.28% of the company’s shares while institutions hold 54.84%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -42.24% down in year-to-date price movement.
